Is Hollywood, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Hollywood was a Seller's Market.
Key Takeaway
Hollywood is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hollywood, FL
How much do homes in Hollywood, FL cost?
Median Sold Price
$471,428
$352/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Hollywood have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in Hollywood was $471,428 in May 2024, up 4.7% from last year, and the median price per square foot was $352.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $226K | $240K | +6.2% |
| 2 Bedrooms | $390.5K | $381.5K | -2.3% |
| 3 Bedrooms | $486K | $530K | +9.1% |
| 4 Bedrooms | $660K | $739.5K | +12.0% |
| 5+ Bedrooms | $1.0M | $1.2M | +23.1% |
Summary: Hollywood housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.2%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 23.1%.
Median Sold Price Compared To Nearby Cities
| Dania | $297K | $346K | +16.5% |
| West Park | $380K | $430K | +13.2% |
| Dania Beach | $375K | $394.1K | +5.1% |
| Hollywood | $450.1K | $471.4K | +4.7% |
Housing Supply in Hollywood, FL
How many homes are available in Hollywood, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1,329 | 1,437 | +8.1% |
Summary: The Hollywood real estate market had 1,437 homes for sale in May 2024, a 8.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 285 | 296 | +3.9% |
| 2 Bedrooms | 504 | 548 | +8.7% |
| 3 Bedrooms | 347 | 385 | +11.0% |
| 4 Bedrooms | 128 | 130 | +1.6% |
| 5+ Bedrooms | 65 | 78 | +20.0% |
Summary: The Hollywood housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.9%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 155 | 140 | -9.7% |
Asking Price vs. Sold Price
100 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hollywood, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 140 homes were sold or pending in Hollywood in May 2024, down by 9.7% month-over-month. Of the 140 sold homes, 71% were sold under asking, 18% were sold at asking, and 11% were sold over asking.
Days on Market for Hollywood, FL
How long does it take to sell a home in Hollywood, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 54 Days | 64 Days | +18.0% |
Summary: Homes in Hollywood had an average of 64 days on market in May 2024, up by 18% compared to last year.
Breakdown of Home Sale Times
53 Homes Were Sold
Under 30 Days
57 Homes Were Sold
In 30 - 90 Days
30 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Hollywood has remained consistent over time.
Summary: During May 2024, 140 homes were sold in Hollywood; 38% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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